Cashtree Token
Crypto Overview
Overview
Cashtree Token (CTT) appears to be a reward token associated with the Cashtree mobile application platform in Indonesia. The platform allows users to earn rewards for completing various tasks and engaging with mobile content.
Purpose and Utility
The intended purpose of CTT is to serve as a rewards token within the Cashtree ecosystem, where users can earn tokens for completing tasks and redeem them for various digital goods and services.
Business Model Analysis
The business model appears to be based on a legitimate rewards platform where users provide value through their engagement and receive tokens in return. The core activities involve watching advertisements, completing surveys, and engaging with mobile content - activities that generally align with Islamic principles as they involve fair exchange of value.
Adoption and Usage
The token appears to have limited visibility outside of Indonesia, and detailed on-chain data about current usage is sparse. The Cashtree app itself claims to have millions of users in Indonesia, though verification of these numbers is challenging.
Development Activity
Public information about ongoing development activity is limited. The token appears to be primarily focused on its existing use case within the Cashtree mobile application ecosystem.
Token Distribution
Limited public information is available about the token distribution model and vesting schedules. This lack of transparency is noted but does not automatically indicate non-compliance with Islamic principles.
Crypto Impact
To assign a comfort level investing in Cashtree Token from a halal perspective we need to determine whether it has a net positive or negative impact.
Towards this end, the table below is used to tally all the positive and negative considerations our members can think of related to Cashtree Token.
If you don’t see something that should be listed, positive or negative, feel free to submit your own contribution using the button “Contribute”.
We will review your contribution for accuracy before publication.
Importantly, you can review listed contributions and vote on which one you think has the greatest impact, positive or negative.
You only have one vote per asset so use it wisely.
You can change your vote if you change your mind.